News Release

For Immediate Release
January 6, 2005

NEX: FMR.H

FM Resources Corp. announces transfer to NEX

VANCOUVER, January 6, 2005 – FM Resources Corp. (NEX: FMR.H) announces
that in accordance with TSX Venture Exchange Policy 2.5, the Company has not
maintained tier maintenance requirements for a TSX Venture Tier 2 issuer. Therefore,
the Company’s listing was transferred to the NEX effective at the open
on January 6, 2005.

For further information, please contact Chris Schultze at (604) 331-3395.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.